Ratan Tata invests in taxi-booking startup Ola

The Chairman Emeritus of Tata Sons*has earlier invested in Snapdeal, Urban Ladder, CarDekho, Bluestone and Xiaomi Ratan Tata, Chairman Emeritus of Tata Sons, has invested an undisclosed sum in Ola, a leading taxi-booking app startup in India. Tata has earlier invested in many e-commerce companies including Snapdeal, Urban Ladder, CarDekho and Bluestone. Recently, he also...
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Rahul Yadav fired from Housing as “behaviour not befitting a CEO”

Search for an interim CEO is underway; transition plan has been put in place with the current senior executives to run operations After a*melodramatic turn of events over the last few weeks, Mumbai-based online realty platform*Housing*has finally released its CEO Rahul Yadav*with immediate effect after a regular Board meeting held earlier today. Yadav, who is...
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Philippines’ LoanSolutions raises funding from KK Fund, Kickstart Ventures, others

The funding will be used to scale operations to meet the startup’s goal of financial inclusion Philippines-based fin-tech*startup LoanSolutions*has raised an undisclosed round of funding from a group of*international investors led by KK Fund,*with participation from other venture*capitalist funds and angel investors, including Kickstart Ventures*and John Dang, CEO of*Zipmatch. LoanSolutions is an online platform that...
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GrabTaxi raising US$200M funding at US$1.5B valuation

Round is being led by Coatue Management LLC, with participation from existing investors SoftBank, Tiger Global, as per The Wall Street Journal GrabTaxi is about to get US$200 million in fresh capital, pegging its valuation at US$1.5 billion,*as per a*report*by The Wall Street Journal. It*quotes*“a person familiar with the situation”, who has shared that the...
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Europe’s latest tech unicorn Sophos sees big sales in Asia

Twenty*per cent of Sophos’ sales comes from APAC, which will increase as cyber security becomes a bigger threat due to smartphone penetration At first glance, there may appear to be little connection between Sophos, Europe’s latest tech unicorn following its £1.01 billion (US$1.59 billion) IPO on the London Stock Exchange before the weekend, and Asia...
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6 secret formulas behind Lativ’s US$194 million revenue

Lativ*is targetting a revenue of*US$3 billion (about TWD 100 billion) in the next*10 years. Founder Zhang Weiqiang*shares its secret sauce for success Resembling an “online Uniqlo”, Lativ is one of our favourite e-commerce brands; we’ve had pleasant shopping experiences with Lativ as its cost performance index is satisfying and shipping is fast (two-three days from...
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Flatchat to use funding from CommonFloor to boost expansion

The mobile-only app to hunt for flatmates has just raised US$2.5M; will use funds to enter new cities within India and expand to global markets Hunting for a roommate in India can be a tedious task, but Flatchat, a mobile-only app for students and bachelors to find accommodation and flatmates,*wants to ease this process. The...
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